Transparent Electronics
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How Large Will the Transparent Electronics Market Size By 2025?
The industry of transparent electronics has seen a rapid expansion in its market size in the past few years. It’s predicted to climb from $2.15 billion in 2024 to $2.58 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 19.9%. This notable growth in the past years has been driven by factors such as the rise in the demand for consumer electronics, the advent of IoT devices, improved energy efficiency, applications in the military and aerospace sectors, and a growing fascination with augmented reality (AR).
How Big Is the Transparent Electronics Market Size Expected to Grow by 2029?
Expectations are high for a significant surge in the transparent electronics market size in the forthcoming years. A remarkable increase, culminating at $5.55 billion in 2029 with a compound annual growth rate (CAGR) of 21.1%, is likely to be observed. Enhanced applications in automotive HUDS, advancements in pliable electronics, synergies with edge computing, assimilation in the healthcare sector, and broader applications in smart city developments, all contribute to the anticipated growth within the forecast period. Other key trends emerging during this projection period include environmentally-friendly transparent electronics, fusion with artificial intelligence & machine learning, implementation within augmented reality, amalgamation with blockchain technology, and a concentrated effort on transparent batteries.
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Which Key Market Drivers Powering Transparent Electronics Market Expansion and Growth?
The surge in IoT connections utilization is anticipated to stimulate the expansion of the transparent electronics market in the future. IoT connections denote the connectivity pathways formed amongst devices in the Internet of Things (IoT) ecosystem. In the IoT landscape, transparent electronics are leveraged to facilitate the formation of undetectable and smooth connections between devices and their surroundings. For example, Akamai Technologies Inc., an American internet entity, reported in August 2022 that IoT connections are projected to grow from 15.1 billion in 2021 to 23.3 billion in 2025. Hence, the burgeoning demand for intelligent devices is fueling the advancement of the transparent electronics market.
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What Long-Term Trends Will Define the Future of the Transparent Electronics Market?
Leading entities in the transparent electronics industry are working on groundbreaking technology that is completely transparent as a way of offering customers sophisticated electronic attributes. When used in terms of electronics and materials, total transparency relates to the capacity of a gadget or product to let light flow through it with no major blockage or distortion. For example, in January 2024, South Korea’s electronic firm, LG Corporation, introduced the globe’s first wireless OLED TV with a see-through display, named LG Transparent OLED Signage. The avant-garde 77-inch transparent TV gives users the opportunity to see what is happening behind the screen, marking it as a unique and novel item. The television is equipped with a contrast filter which can be heightened or lessened using a button on the remote, empowering users to switch from a see-through mode to a typical OLED mode.
What Are the Emerging Segments in the Transparent Electronics Market?
The transparent electronics market covered in this report is segmented –
1) By Product Type: Transparent Displays, Transparent Solar Panels, Transparent Windows
2) By Application: Displays, Sensors, Thin-Film Photovoltaics, Batteries
3) By End-User: Automotive, Building Infrastructure, Consumer Electronics, Other End-user Industry
Subsegments:
1) By Transparent Displays: OLED Transparent Displays, LCD Transparent Displays, LED Transparent Displays
2) By Transparent Solar Panels: Organic Photovoltaic (OPV) Panels, Transparent Thin-Film Solar Cells
3) By Transparent Windows: Smart Windows, Energy-Generating Windows, Photovoltaic Windows
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Who Are the Global Leaders in the Transparent Electronics Market?
Major companies operating in the transparent electronics market report are Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, Panasonic Corporation, LG Electronics Inc., 3M Company, BOE Technology Group Co. Ltd., Sharp Corporation, Evonik Industries AG, Pioneer Corporation, Corning Incorporated, AU Optronics Corp., Gentex Corp., Onyx Solar Group LLC, Gauzy Ltd., OLEDWorks LLC, Nexnovo Technology Co. Ltd., Ubiquitous Energy Inc., Grafoid Inc., Cambrios Technologies Corporation, SolarWindow Technologies Inc., Brite Solar Limited, Glass Apps LLC, ClearLED Ltd., Shenzhen AuroLED Technology Co. Ltd., Raven Window, Street Communication, PolyIC GmbH & Co. KG, Brite Corp., Planar Systems Inc.
Which are the Top Profitable Regional Markets for the Transparent Electronics Industry?
North America was the largest region in the transparent electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the transparent electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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